INVESTMENT IN HOTEL, NET (Tables)

6 Months Ended

Dec. 31, 2023

Investment In Hotel Net

SCHEDULE OF INVESTMENT IN HOTEL

Investment in hotel consisted of the following as of:

			Accumulated			Net Book
December 31, 2023	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		1,805,000		(1,397,000	)		408,000
Furniture and equipment		39,329,000		(30,506,000	)		8,823,000
Building and improvements		65,982,000		(37,426,000	)		28,556,000
Investment in Hotel, net	$	109,854,000	$	(69,329,000	)	$	40,525,000

			Accumulated			Net Book
June 30, 2023	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		1,805,000		(1,239,000	)		566,000
Furniture and equipment		38,727,000		(29,682,000	)		9,045,000
Building and improvements		64,665,000		(36,696,000	)		27,969,000
Investment in Hotel, net	$	107,935,000	$	(67,617,000	)	$	40,318,000